Despite the economic turmoil of 2020, it has been a year marking a turnaround for Perth homeowners. The Perth market is – at last – showing solid signs of recovery after a 6-year downturn.
Whether you’re a homeowner in search of a luxury, coastal lifestyle, or an investor looking to add a cashflow positive property to your portfolio, the brand-new luxury apartments at Elizabeth Residences present a fantastic opportunity within one of Perth’s most sought after suburbs.
Now is the time to get prepared to take advantage of the opportunities that the market presents, whilst securing your dream apartment in Cottesloe.
Cottesloe Is The Place To Be
With the WA property market on a ‘recovery trend’ trajectory and the leading indicators pointing to strong price increases, it is a great time to invest in Perth property. With anticipated price increases between 6% and 10% throughout 2021, particularly for the mid and high end of the market, Cottesloe is likely to enjoy strong demand.
It looks like there is now a window of opportunity for strategic investors, downsizers, and homebuyers to get in the market and take advantage of capital gains in the long term.
Recently, REIWA President Damian Collins said that the property prices could rise 20% to 30% over the “next few years”, however to place things into perspective, that would only be reinstating property prices back to 2014 levels.
Perth’s Property Market Recovery
Spurred on by a combination of record-low mortgage rates, improving economic conditions, government incentives, and low advertised supply levels, Australia’s housing market recovery is well underway. Now is a great time to buy a home or investment property at a price that you are unlikely to be able to get within a couple of years, as big city properties look set to boom.
We’ve already seen this activity at the Elizabeth Residences, with future residents keen to snap up a high-end property in a prime location for capital gains and investment returns. These apartments are now 50% sold with just 4 more apartments available to future buyers and investors.
Luxurious Apartments in Cottesloe
For those who would like to experience an exclusive retreat in one of the most iconic beachside locations, it is a perfect time to snap up a new home before property prices start to rise!
Situated in one of Perth’s most desired coastal suburbs, the Elizabeth Residences is situated in one of the most remarkable places to call home. Primely located just 100m from the beach and just 5 minutes from Cottesloe Central, you will enjoy a new opulent lifestyle close to luscious parks and recreation spots, local shopping centres, and fine dining & bars.
These premium boutique apartments promise stunning ocean views, natural light, and perfect temperatures all year round, coming in a range of orientations and sizes for downsizers, retirees, empty nesters, and families, with future residents having the choice of either two or three bedrooms set amongst resort-like facilities.
Now Selling – Enquire Today!
If this is the kind of lifestyle you can see yourself in, we encourage you to submit a registration of interest whilst some apartments are still available for sale.
Future buyers and investors also have access of up to $50,000 from the Stamp Duty Rebate for pre-construction purchases.
If you’re unsure about the process of downsizing into an apartment, you can either read our guide to downsizing in Cottesloe, or alternatively you can book in a transition appointment where we’ll gladly walk you through the process in person.